Signs of cooling inflation have driven a furious bond rally this month, boosting stocks to records and promising to inject some life into the listless housing market. The sharp rise in bond prices has pushed down the yield on the 10-year U.S. Treasury note by nearly a half percentage point since late May. The yield on Friday notched its largest two-week decline of the year, settling at 4.212%.
Source: A Big Bond Rally Is Promising Help for Home Buyers – WSJ